Bitcoin Updates: Optimistic Saylor Stands Firm Amid Bitcoin Decline and Cautions from Institutions

Michael Saylor, who serves as executive chairman of

, has reiterated his optimistic outlook on , stating that the cryptocurrency has become less volatile even as institutional interest grows. In recent interviews, Saylor has made price fluctuations worse, pointing out that Bitcoin's annualized volatility has dropped from 80% in 2020 to about 50% now. He anticipates further declines as the market matures, the volatility of the S&P 500, while also outperforming it by a similar ratio.

Despite this, the market has experienced instability. Bitcoin fell by nearly 12% in the last week to $91,616,

(market net asset value) as well as shares. The mNAV multiple for Strategy has decreased to 1.11x, compared to 1.52x when Bitcoin peaked at $125,100 in October. At the same time, , marking an 11.50% drop over five days. Saylor, however, maintains that the company is "built to withstand an 80 to 90% drawdown and keep operating," highlighting its durability.

The company’s Bitcoin reserves, currently at

, remain at the core of its business model. Still, Saylor’s unwavering optimism is being questioned as institutional risks come into play. that if MSCI removes Strategy from major stock indices like the Nasdaq 100 and MSCI World, it could result in $2.8 billion in passive outflows. The index provider is seeking feedback until December 31, 2025, with a final verdict expected by January 15, 2026 . that such an exclusion would hurt MSTR’s liquidity and reputation, making it harder for the company to secure funding.

Internal sentiment seems divided. Jeanine Montgomery, Strategy’s VP and CAO,

through a Rule 10b5-1 trading plan to pay taxes. While this sale does not indicate disagreement with Saylor’s approach, it does underscore the volatility stakeholders are experiencing. Saylor, meanwhile, remains confident, claiming that Bitcoin’s long-term outlook is “stronger than ever” .

The wider market is still split. Veteran trader Peter Brandt has warned that Bitcoin’s price movement resembles past soybean bubbles,

if his analysis proves correct. On the other hand, Abu Dhabi’s Investment Council has recently tripled its Bitcoin ETF holdings to $518 million, showing continued institutional faith in the asset’s long-term prospects.

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